2016
01/07

Category:
Mortgages

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COMMENTS:
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Another big win for reverse mortgages

In the vast universe of consumer borrowing, reverse mortgages get little respect. They cause the same kind of eyebrow lift as pawn tickets, car title loans, rent-to-own TV sets and leased car tires. When I write about them, the next days mail has chiding notes suggesting that I failed to tell the gruesome downside of reverse mortgages.

I plead guilty. So let me make a promise: In 2016 there will be a column about the downside of reverse mortgages.

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